Correlation
The correlation between FHKDX and FLCNX is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
FHKDX vs. FLCNX
Compare and contrast key facts about Fidelity Freedom Blend 2030 Fund Class K6 (FHKDX) and Fidelity Contrafund K6 (FLCNX).
FHKDX is managed by Fidelity. It was launched on Aug 31, 2018. FLCNX is managed by Fidelity. It was launched on May 25, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FHKDX or FLCNX.
Performance
FHKDX vs. FLCNX - Performance Comparison
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Key characteristics
FHKDX:
0.87
FLCNX:
0.83
FHKDX:
1.17
FLCNX:
1.17
FHKDX:
1.16
FLCNX:
1.16
FHKDX:
0.87
FLCNX:
0.83
FHKDX:
3.72
FLCNX:
2.84
FHKDX:
2.37%
FLCNX:
5.93%
FHKDX:
11.28%
FLCNX:
22.66%
FHKDX:
-24.65%
FLCNX:
-32.07%
FHKDX:
-0.17%
FLCNX:
-2.77%
Returns By Period
The year-to-date returns for both investments are quite close, with FHKDX having a 4.89% return and FLCNX slightly higher at 5.11%.
FHKDX
4.89%
3.15%
1.91%
9.18%
7.47%
8.29%
N/A
FLCNX
5.11%
7.41%
3.78%
18.24%
21.83%
17.27%
N/A
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FHKDX vs. FLCNX - Expense Ratio Comparison
FHKDX has a 0.26% expense ratio, which is lower than FLCNX's 0.45% expense ratio.
Risk-Adjusted Performance
FHKDX vs. FLCNX — Risk-Adjusted Performance Rank
FHKDX
FLCNX
FHKDX vs. FLCNX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Freedom Blend 2030 Fund Class K6 (FHKDX) and Fidelity Contrafund K6 (FLCNX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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Dividends
FHKDX vs. FLCNX - Dividend Comparison
FHKDX's dividend yield for the trailing twelve months is around 2.67%, more than FLCNX's 0.41% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
FHKDX Fidelity Freedom Blend 2030 Fund Class K6 | 2.67% | 2.34% | 2.36% | 5.54% | 7.10% | 4.65% | 3.34% | 2.97% | 0.00% |
FLCNX Fidelity Contrafund K6 | 0.41% | 0.36% | 0.49% | 1.18% | 0.46% | 0.21% | 0.30% | 0.33% | 0.15% |
Drawdowns
FHKDX vs. FLCNX - Drawdown Comparison
The maximum FHKDX drawdown since its inception was -24.65%, smaller than the maximum FLCNX drawdown of -32.07%. Use the drawdown chart below to compare losses from any high point for FHKDX and FLCNX.
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Volatility
FHKDX vs. FLCNX - Volatility Comparison
The current volatility for Fidelity Freedom Blend 2030 Fund Class K6 (FHKDX) is 2.35%, while Fidelity Contrafund K6 (FLCNX) has a volatility of 5.18%. This indicates that FHKDX experiences smaller price fluctuations and is considered to be less risky than FLCNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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